9 Sep 2013 07:00
For immediate release
9 September 2013
FRONTIER RESOURCES INTERNATIONAL PLC
("Frontier" or the "Company")
Operational Update: Namibia
The Board of Frontier (AIM Ticker: FRI), the AIM - traded international oil and gas exploration company with assets in Oman, Zambia and Namibia is pleased to provide shareholders with the following operational update on its activities in Namibia.
Frontier's Namibian blocks, located in the Owambo Basin in northern Namibia, cover an area of approximately 18,933 square kilometers. A two year exploration licence was granted on 20 January 2012. Frontier is operator with a 90% working interest while NAMCOR, the Namibian National Oil Company, has a 10% carried interest in the licence.
The Company's representatives recently travelled to Windhoek where the field crew assembled prior to travelling to northern Namibia where the concession is located.
The Board announces that, together with a representative of Exploration Technologies Inc., ("ETI") from Houston, Texas, it has conducted an in-field training programme to familiarise Frontier's local contractors with the proprietary sampling system used to gather the soil gas samples. During the trip, Company representatives travelled extensively throughout the concession area to view the terrain in general and to assess the logistics that would be involved to acquire seismic data in this area.
Samples are being collected on a regional grid along existing roads, tracks, paths and terrain that is accessible via a field vehicle and/or walking. Global Positioning System (GPS) instruments are being used by the field crew to accurately locate the sampling sites. The samples will be sent to ETI's Houston laboratory for analysis and review. Based on the results of the initial soil gas sample analysis, Frontier will then decide on areas that may require additional sampling.
The soil gas survey field data collection and laboratory analysis is expected to take approximately two months with final results expected by November.
Commentating on today's update, Jack Keyes, Frontier's CEO said "The training of the field crews and the start of the survey has been a very exciting time for all those involved. We look forward to receiving and assessing the initial results to enable us to plan the next phase of our exploration activity."
Enquiries:
Frontier Resources International Plc
Jack Keyes, Chief Executive Officer Tel: +1 (713) 962 0887
Barbara Spurrier, Finance Director Tel: 020 3475 8108
Beaumont Cornish Limited (Nomad) Tel: 0207 628 3396
Michael Cornish
Roland Cornish
Beaufort Securities Limited (Broker) Tel: 020 7382 8300
Christopher Rourke
Guy Wheatley
Yellow Jersey PR Limited (Financial PR)
Dominic Barretto Tel: +44 (0) 7768 537 739
Anna Legge Tel: +44 (0) 7747 788 221
About Frontier:
Frontier Resources International Plc, which was founded in April 2008, is focused on onshore oil and gas exploration and development in the Middle East and Southern Africa where the Company has technical knowledge and expertise. The Company currently has three exploration projects in Oman, Zambia and Namibia.
Frontier's immediate objectives are to continue developing its core exploration projects towards first production particularly in Oman where the Company's knowledge base is most advanced because of the proximity to producing oil and gas fields and the availability of existing seismic and well data.
The Company is incorporated in the United Kingdom with its registered office in London. It also maintains a technical and commercial office in the United States in Houston, Texas. Additionally, to support its regional operations in Southern Africa and the Middle East, offices are maintained in Namibia, Zambia and Oman.
The Company's shares were admitted to AIM of the London Stock Exchange on 5 July 2013.